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REGISTERED NUMBER: 11369573 (England and Wales)















SHOPOVATION LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






SHOPOVATION LIMITED (REGISTERED NUMBER: 11369573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHOPOVATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: T S Ghai
L Rach
C Rach





SECRETARY: L Rach





REGISTERED OFFICE: C/O Twin Technology Limited
21 Station Road
Ground Floor (St Albans Rd Wing)
Watford
Hertfordshire
WD17 1AP





REGISTERED NUMBER: 11369573 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SHOPOVATION LIMITED (REGISTERED NUMBER: 11369573)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,356 27,356

CURRENT ASSETS
Debtors 5 20,000 20,000
Cash at bank and in hand 161 161
20,161 20,161
CREDITORS
Amounts falling due within one year 6 53,884 53,884
NET CURRENT LIABILITIES (33,723 ) (33,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,367 ) (6,367 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (6,467 ) (6,467 )
SHAREHOLDERS' FUNDS (6,367 ) (6,367 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





L Rach - Director


SHOPOVATION LIMITED (REGISTERED NUMBER: 11369573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Shopovation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The Financial Statements have been prepared on a going concern basis, as the Directors have confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The Financial Statements do not include any adjustments that may result from the withdrawal of this support and the Directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these Financial Statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

SHOPOVATION LIMITED (REGISTERED NUMBER: 11369573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 27,356
NET BOOK VALUE
At 31 May 2023 27,356
At 31 May 2022 27,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,000 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,318 9,318
Amounts owed to associates 43,846 43,846
Other creditors 720 720
53,884 53,884

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary Shares £0.01 100 100

8. RESERVES
Retained
earnings
£   

At 1 June 2022 (6,467 )
Profit for the year -
At 31 May 2023 (6,467 )

9. RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amounts falling due within one year, is an amount of £43,846 (2022: £43,846) owed to Twin Technology Limited, a company in which the directors have a beneficial interest.

10. ULTIMATE CONTROLLING PARTY

The Controlling parties are T S Ghai, C Rach and L Rach by virtue of their shareholdings.